Asset safety

Asset safety and fiduciary excellence — A top priority



Member of the Investment Industry Regulatory Organization of Canada

National self-regulatory body overseeing all investment dealers and trading activity. Sets high standards and oversight regarding proficiency, business and financial conduct of the dealer firm and its employees.

Member of the Canadian Investor Protection Fund

Created by the investment industry to ensure client assets are protected within defined limits if an investment dealer that is a member becomes insolvent. Most investors will have two accounts, a general and a retirement account and each is eligible for $1 Million of coverage.




Enhanced safety with coverage from Lloyd's of London

Richardson GMP has purchased additional securities protection, with certain underwriters at Lloyd's of London, to complement the existing insurance provided through the Canadian Investor Protection Fund (CIPF). That means that as one of our clients, your combined general and combined retirement accounts each have coverage up to $2 million. This extra coverage* is yet one more indication of how committed we are to enhancing the safety of your assets.  

*Subject to an aggregate policy limit of $30 million. 


Richardson GMP embraces fiduciary excellence

First wealth management firm in Canada to earn Centre for Fiduciary Excellence Certification for our Separately Managed and Portfolio Management Account platforms.

At Richardson GMP, we aspire to achieve the highest standards of integrity, transparency and best practices in managing the wealth of our clients. There has never been a time in the financial industry where wealth management firms must work more diligently to earn clients’ trust. Countries such as Great Britain, Australia and the U.S. are proactively pursuing fiduciary standards of care. Richardson GMP has taken a leadership position in Canada in this regard, and signaled to the industry its commitment in setting standards and best practices for the firm while providing clients with a true strategic partner and fiduciary.



What is a fiduciary

The word 'fiduciary' comes from the Latin word 'fiducia' meaning 'trust'. It refers to a person (or a business such as a bank or an Investment Advisory firm) who has the power and obligation to act for another under circumstances that require total trust, good faith and honesty.

Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to the highest standards of conduct and trust. They must avoid self-dealing or situations in which the potential benefit to the fiduciary is in conflict with what is best for the person who placed trust in them.


Richardson GMP – setting the standard for excellence

This esteemed annual certification program ensures that Richardson GMP’s Portfolio Management Account platform for those advisors who have complete control over investment decisions for their clients and the firm’s Separately Managed Account platform conform to the global fiduciary standards of excellence. Richardson GMP is the first Canadian firm to achieve designation for our Separately Managed and Portfolio Management Account platforms.

By undertaking a voluntary certification by the Centre for Fiduciary Excellence (CEFEX) as Richardson GMP has done, and having an ongoing, independent, third-party, rigorous assessment process to audit our practices, clients can feel confident that the trust they are placing in our firm is warranted.